Technology stocks rose more than 2 percent Wednesday following encouraging earnings, while a slew of economic reports fueled the notion the economy was showing stronger signs of a turnaround and boosted the broader market.
Both the Dow and S&P powered higher after solid results from Intel reinforced hopes for an economic recovery and a rebound in technology spending.
Recent reports on consumer prices, New York manufacturing, industrial production and mortgage applications each provided hope for the economy. Can investors believe that the recession may be over? Chief economists Dan North at Euler Hermes ACI and Stuart Hoffman of PNC Financial Services discussed their views.
Stocks jumped on Wednesday following a slew of economic reports that fueled hope that the economy is starting to rebound. Coupled with a fairly strong start to earnings season, investors continued a rally that began Monday, focusing Wednesday on technology leaders. Read and listen to what the experts had to say...
Stocks are roaring ahead again today — up over 150 points — after holding the high ground yesterday and following Monday’s huge rally. Even a sub-par retail sales report didn’t stop retail stocks from posting a 1.6 percent gain.
Intel and Goldman Sachs posted strong quarterly earnings; and two key manufacturing indexes showed signs of recovery Wednesday. What does it all mean for the stock markets? Art Cashin, director of floor operations for UBS Financial Services, offered CNBC his insights.
Yesterday there were some analyst report circulating that Intel spacer was unlikely to be overly optimistic because the PC food chain was weakening, that recent orders out of Taiwan were weak.
Wall Street has reestablished positive momentum, and that's likely to continue Wednesday morning after Intel beat expectations with its after-the-bell earnings report late Tuesday, and issued guidance that was well above consensus as well.
The Consumer Price Index was up .7% last month, while the core CPI rate, excluding energy and food, rose 0.2%. The consumer price index fell 1.19% in June from a year earlier.
Asian markets extended gains Wednesday as blockbuster results from Intel seemed to augur well for the U.S. earnings season and for consumer demand globally. Hong Kong's Hang Seng Index also managed to breach the 18,000 level.
Cramer makes the call on viewers' favorite stocks.
Positive comments and a better-than-expected earnings report from tech bellwether Intel could capture the imagination of investors, who have been hoping tech will rescue the earnings season.
I spoke with Intel CFO Stacy Smith moments after the company released its second quarter earnings report and he sounded an optimistic tune, to say the least
With the Dow and S&P closing modestly higher, Wall Street was keen to hear the latest numbers from Intel after hours hoping they showed signs of economic improvement.
Impressive, any which way you slice it: Intel resoundingly beats the Street for the second straight quarter amid albeit dampened expectations, but this is far more than merely a case of "less bad news."
Stocks closed slightly higher as a mostly positive start to earnings season was offset by the air quickly coming out of a rally in bank stocks.
Call it Schadenfreude, tech style. Dell shares are off about 8% today after CEO Michael Dell announced yesterday that rising costs were weighing on margins. But could Dell's pain be Intel's gain?
How are the Fast Money traders gaming this market into the close? Following are the “Fast & Furious” trades - hot ways to play today's market moving events.
Considering Bank of America and JPMorgan report later in the week, what can you glean from Goldman results as you game earnings that lie ahead?
Earnings season may have "officially" gotten underway with last week's release by Dow component Alcoa, but it kicks into full gear Tuesday with two very significant pre-market releases: quarterly numbers from Goldman Sachs and Dow stock Johnson & Johnson.